Dalmia Bharat Share Price Gains Over 2%; Announces Acquisition of JAL Cement Business for ₹2,850 Crore

Dalmia Bharat Ltd on Friday announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Ltd (DCBL), is to acquire cement assets of Jaiprakash Associates Ltd (JAL) for an enterprise value of ₹2,850 crore, as per an exchange filing dated May 22, 2026.  

The assets are being acquired after JAL came under the Adani Group through insolvency proceedings. The transaction includes cement plants located at Rewa in Madhya Pradesh and Churk, Chunar and Sadwa in Uttar Pradesh.  

These units together have a cement production capacity of 5.2 million tonnes per annum (MnTPA) and clinker capacity of 3.3 MnTPA.  

Capacity and Infrastructure Addition 

The deal also includes 99 MW of thermal power capacity and railway siding facilities at Rewa and Chunar, along with a common railway siding at Churk. Dalmia Bharat said the transaction is likely to be completed within 2 weeks.  

After completion, Dalmia Bharat’s total cement capacity will rise to 54.7 MnTPA from 49.5 MnTPA. The company added that expansion projects at Belgaum, Pune, and Kadapa are expected to increase total capacity to 66.7 MnTPA by Q2-Q3 FY28.  

Background of the Transaction 

DCBL had earlier signed a framework agreement with JAL in December 2022 for the sale of business assets and settlement of disputes related to a long-term clinker supply arrangement.  

However, the transaction remained pending after JAL was admitted into the Corporate Insolvency Resolution Process.  

The insolvency proceedings against JAL began in June 2024 after the National Company Law Tribunal admitted a petition filed by ICICI Bank. Adani Enterprises later received approval for a ₹14,535 crore resolution plan for the company.  

Read More: Why the Stock Market (NSE and BSE) is Rising: Sensex Jumps 900 pts, Nifty Nears 24,000! 

Dalmia Bharat Share Price Performance  

As of May 25, 2026, 12:55 pm, Dalmia Bharat Ltd share price was trading at ₹1,833.30, up 2.10% from the previous closing price. 

Conclusion 

With this acquisition, Dalmia Bharat’s total cement capacity will increase to 54.7 MnTPA. The assets are located across Madhya Pradesh and Uttar Pradesh. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.